Trading Edges That Last
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S&P 500 Sep 26 to Sep 30 Outlook
Lawrence’s Comment
Unfolded completely as expected. Failed at Y+1 as resistance, sold off back down to 1100 area. Closed the week below Y-1.
Outlook
A retest of B-1 is expected but difficult to engage on a swing basis. The gap is of almost 30 points in range and news shock can easily send ES up to fill the gap above first thus killing most of the downside potential.
Daytrading is preferred in dealing with late stage flush mode situation like now.
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